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Popular Direct CD Rates
Popular Direct offers eight different CD terms ranging from three to 60 months.
If you withdraw your funds before the maturity date, you could expect to pay this penalty.
Below is a closer look at both sides of the product.
As of writing, the Popular Direct Select Savings account offers aAPY.
To kick off the account, youll need to make a minimum deposit of $100.
Like the CDs available through Popular Direct, the funds in this account are FDIC-insured.
Who Is Popular Direct Best For?
Popular Direct CDs are best suited for established savers looking to tuck at least $10,000 into a CD.
Popular Direct only offers online savings products.
While the limited product availability could work for some savers, it wouldnt be a good fit for everyone.
Additionally, Popular Direct is better suited to customers who are comfortable with online banking.
If you want to do your banking in person, then Popular Direct isnt the right fit.
Other Options To Consider
Popular Directisnt the only bankwith attractive CD options.
Below is a look at some of the other options on the market.
Ally Bank
Ally Bank offerscompetitive CD rateswith terms ranging from three months to five years.
The No Penalty CD offers more flexibility to savers looking to keep their funds accessible.
In terms of the High Yield CD options, the six-month CD offers aAPY.
The CDs dont come with a minimum deposit requirement, and the early withdrawal penalties are relatively low.
Capital One offers 10 different CD term options, ranging from six months to five years.
The rates range fromto.
Currently, the highest CD rate available with Capital One ison a 12-month CD.
Thats an attractive rate for savers.
Unlike Popular Direct, Capital One offers these CD rates with no minimum balance requirement.
Final Take
Popular Direct offers undeniably attractive CD rates to savers.
But with a minimum deposit requirement of $10,000, the bank is a better option for established savers.
FAQ
Rates are subject to change; unless otherwise noted, rates are updated periodically.
All other information on accounts is accurate as of April 9, 2024.
*Capital One interest rates are accurate as of April 9 2024.
See the website for all current rates.
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